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Cost-Per-Foot Comparison Calculator
Compare two PDC bit options — your current supplier vs. a Welong bit — using the same industry-standard cost-per-foot formula drilling engineers use to evaluate bit economics: Cost per Foot = (Bit Cost + Rig Cost × (Drilling Time + Trip Time)) ÷ Footage Drilled. A higher-priced bit that drills faster and further can still come out cheaper per foot.
Option A (e.g. current supplier)
Option B (e.g. Welong PDC bit)
Option A — Cost per Foot$0.00/ft
Option B — Cost per Foot$0.00/ft
This calculator uses figures you enter — it does not assume Welong’s pricing or performance. Use your own quotes and offset-well data for an accurate comparison. Source: industry-standard cost-per-foot methodology (drillingformulas.com / drillingmanual.com).
